Jefferies Reiterates Their Buy Rating on First Data Corp

By Jason Carr

In a report released yesterday, Ken Usdin from Jefferies reiterated a Buy rating on First Data Corp (NYSE: FDC), with a price target of $21. The company’s shares closed yesterday at $17.83.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.6% and a 88.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $20.83, representing a 16.8% upside.

In a report issued on October 3, KBW also reiterated a Buy rating on the stock with a $21 price target.

The company has a one-year high of $19.20 and a one-year low of $13.01. Currently, First Data Corp has an average volume of 5.19M.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is neutral on the stock.

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First Data Corp. provides commerce-enabling technology and solutions. It provides secure and innovative payment technology and services. The company operates through three business segments: Global Business Solutions, Global Financial Solutions and Network & Security Solutions.